National
Hotel companies increasingly turning to all-inclusive resorts
As the hotel industry grapples with the pandemic, many brands are heading toward warmer weather and all-inclusive reports. Multiple...
Marriott
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Renaissance Westchester Hotel to shutter West Harrison property
A temporary pandemic closure has given way to a permanent shuttering for the Renaissance Westchester Hotel in West Harrison....
Court rules Ashkenazy must pay share of $135M Marriott loan
An appellate court finally dropped the curtain on the legal drama over the New York Marriott East Side hotel....
LaGuardia Marriott and development site combo sell for $100M
New York LaGuardia Airport Marriott and a massive development site have sold for a combined $103 million. The 443-key...
National
Marriott CEO Arne Sorenson, who pushed worldwide expansion, dies
Marriott International CEO Arne Sorenson, whose expansion efforts helped make it the world’s largest hotel chain, died on Monday...
German lender forecloses on East Side Marriott hotel
How do you say “unhappy marriage” in German? Frankfurt-based DekaBank moved this week to foreclose on the former New...
Wells Fargo sells Penn Plaza hotel leasehold mortgage for $51M
Banks want to lend money to hotels, not own them. So some folks at Wells Fargo probably popped a...
National
Marriott CEO wants workers back in offices — and traveling for business
Arne Sorenson, Marriott International’s CEO and president, wants office workers to get back to business. On the company’s third...
Courtyard by Marriott in Herald Square to close permanently
The wave of closures hitting New York City hotels has claimed another victim: Herald Square’s Courtyard by Marriott. The...
National
Marriott claims Covid-induced crisis for hotels has bottomed out
Marriott International believes the hotel industry believes the worst is over, so it’s halting its relief measures for hotel...